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Macy's Inc Increases Share Repurchase Authorization By $1.5 Billion
Macy's Inc announced that it has increased the Company's share repurchase authorization by $1.5 billion. This brings the remaining authorization outstanding, as of the end of the third quarter on Oct. 27, 2012, after giving effect to this increase, to $1.861 billion, which the Company can use to purchase common shares from time to time in the open market or in other privately negotiated transactions.
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